EMIS Emerging Market Information Service India Retail Sector | Page 6

Main Sector Indicators
Main Retail Sector Indicators
FY 2001

FY 2012

FY 2021

National GDP, USD bn

450

1,958

3,310

Estimated Merchandise Consumption (Retail Market Opportunity), USD bn

120

490

810

Urban consumption (% and value)

40% (USD 48 bn)

48% (USD 235 bn)

56% (USD 455 bn)

Rural consumption (% and value)

60% (USD 72 bn)

52% (USD 255 bn)

44% (USD 355 bn)

Share of Corporatized (Organized) Retail

~4%

~7%

~20%

Share of Independent Retail

96%

93%

80%

Size of Corporatized (Organized) Retail, USD bn

5

34

162

Size Of Independent Retail (USD bn)

115

455

648

Share of Indian Corporatized Retailers in Total Corporatized Retail

~100%

~95%

50%

Comments
India is home to approximately 15 million shops, the majority of which are run as standalone entities owned and operated by members of the same family.
Employment in this segment, referred to as independent retail, averages 1.5 employees per shop. These employees have no social security and no say on
working conditions and wages, Technopak commented in an Oct 2012 paper on FDI in the Indian retail sector. Independent retail is expected to create
more than nine million jobs over the next decade. Therefore, a labor policy that manages to bring this large informal workforce in an environment of formal
employment is much needed.
Source: Technopak Analysis
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